Overview
Are you tired of constantly rising electricity bills and looking for a way to save money in the long run? Installing solar panels on your Hazel Crest Illinois home could be the solution you’ve been searching for. By analyzing weather data and electricity costs specific to the area, we have determined that solar panels are a cost-effective investment that can help you break even in a reasonable amount of time. Let us break down the numbers for you and show you how switching to solar energy can benefit your wallet and the environment.
Hazel Crest Illinois Weather Trends
Hazel Crest Precipitation
In the last year, Hazel Crest Illinois received 44.69 inches of precipitation, ranking it in the 37th percentile in the nation and the 58th percentile in Illinois. Comparatively, the national average for total precipitation is 50.61 inches, while Illinois’s average is 45.69 inches. Despite being slightly below average in precipitation, Hazel Crest still sees a significant amount of rainfall, making it a suitable location for solar panel installation.
Hazel Crest’s UV Rating
With an average UV rating of 3.88, Hazel Crest is in the 40th percentile in the nation and the 20th percentile in Illinois. In comparison, the national average for average UV rating is 4.29, and Illinois’s average is 4.21. Additionally, Hazel Crest’s average max UV rating of 4.16 places it in the 36th percentile nationally and the 26th percentile in Illinois. These UV ratings indicate that Hazel Crest receives ample sunlight, making it an ideal location for solar panel energy production.
Hazel Crest’s Cloud Cover
Over the last year, Hazel Crest Illinois had an average of 47% cloud cover, ranking it in the 61st percentile in the nation and the 79th percentile in Illinois. Comparatively, the national average for average cloud cover is 44.46%, with Illinois averaging 44.03%. Additionally, Hazel Crest experienced a variety of cloud cover conditions throughout the year, with a good number of days having between 0% to 25% cloud cover, indicating plenty of sunny days for solar panel efficiency.
Hazel Crest Illinois Electricity Costs
Residents in Hazel Crest pay around $0.13 per kilowatt-hour for electricity, which places the city in the 77th percentile nationally and the 71st percentile in Illinois. The national average for residential electricity costs is also $0.13/kw, while Illinois’s average is slightly lower at $0.12/kw. By utilizing solar panels to harness the abundant sunlight in Hazel Crest, residents can significantly reduce their electricity bills and save money in the long run.
When could you expect to break even on a solar installation in Hazel Crest Illinois?
Considering the weather and electricity costs in Hazel Crest, Illinois, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Hazel Crest receives slightly less precipitation than the national average, making it a good location for solar panels.
- The UV ratings are a bit lower than the national average, but still suitable for generating solar power.
- Cloud cover is close to the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Hazel Crest pay the national average for electricity, making it a good candidate for cost-effective solar power.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, which means residents won’t need to buy as much from the grid, leading to savings on electricity bills.
- With Hazel Crest’s average electricity rates, the savings from using solar power are significant.
After analyzing the data, it appears that it would take around 6-7 years to cover the initial cost of the solar panels. This means that after 6-7 years, the money saved on electricity bills will begin to accumulate and pay off the investment. Furthermore, since solar panels last for 25-30 years, residents will continue to benefit from these savings for many years after the initial investment is recouped. Installing solar panels not only saves money but also contributes to a cleaner environment, making it a wise decision for homeowners in Hazel Crest, Illinois.
Investing in solar power in Hazel Crest Illinois
Switching to solar energy in Hazel Crest, Illinois is a smart financial decision that can lead to significant savings over time. By analyzing the weather data specific to the area and considering the cost of electricity, we can see that solar panels are a cost-effective investment. The break-even point for solar panel installation in Hazel Crest is approximately 6-7 years, after which homeowners can enjoy reduced electricity bills and a cleaner environment. With ample sunlight and reasonable electricity costs, solar energy is a viable option for residents looking to save money in the long run.